ETH 3753 short 3677 long! Back and forth making profits, no explanations!

The dynamics of ETH in the cryptocurrency world: seize the oscillation opportunities and start your journey to profit. In the alluring and challenging market of cryptocurrencies, Ethereum (ETH) has always been the focus of investors' attention. Recently, ETH has exhibited a unique oscillating pattern, which contains tremendous profit opportunities. Today, let's delve into the ETH market and explore how to cleverly execute trading strategies to 'make profits back and forth'. News: Key forces driving ETH's movement

The continuous development of the Ethereum ecosystem has always been a crucial factor supporting its price. Recently, significant progress has been made in Ethereum's Layer 2 scaling solutions. Layer 2 projects like Optimism and Arbitrum are continuously optimizing their performance, attracting a large influx of users and capital. This not only enhances the processing capacity of the Ethereum network but also reduces transaction costs, increasing Ethereum's competitiveness.

ETH has been fluctuating within a range from 6 PM to 10 PM yesterday.

From a technical analysis perspective, ETH's movement currently exhibits clear oscillating characteristics. Taking the 1-hour chart as an example, we can clearly see that the price fluctuates within a relatively narrow range.

The Bollinger Bands indicator shows that ETH's price is oscillating between the upper and lower bands. The middle band of the Bollinger Bands is currently around 3685, serving as an important reference line for price fluctuations in the short term. The upper resistance level is around 3785, while the lower support level is close to 3599.

Looking at the MACD indicator, the fast and slow lines are intertwined near the zero axis, indicating that the forces of both bulls and bears are temporarily balanced. However, the alternating appearance of red and green bars suggests that market momentum is constantly changing. Personal opinion: The path to profit in oscillating markets

Zhuque predicts that if the price breaks above the range, it will rise to 3753 and then fall back due to insufficient momentum, before rising to 3814 due to incoming buy orders. If it breaks down through the range, it will drop to 3672, then pull back to 3690, and later fall to 3654.

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